Digital infrastructure firm Core Scientific reported second-quarter revenue of $164.2 million, more than double the $78.6 million recorded a year earlier, as artificial intelligence and high-performance computing colocation became its largest business. Gross profit rose to $70 million from $5 million. A non-cash accounting charge linked to the rising value of outstanding warrants produced a net loss of $1.15 billion.

Colocation revenue reached $136.7 million, up from $10.6 million in the prior-year period. The results reflect a broader shift among former Bitcoin mining companies toward more stable revenue streams from data-center capacity as demand for artificial intelligence infrastructure increases. Core Scientific, once among the largest publicly traded Bitcoin miners, now derives the majority of its income from colocation services and holds a Bitcoin treasury of fewer than 1,000 coins.

Shares declined more than 4 percent following the release, although the stock remains up 36 percent year-to-date.

Alongside the results the company announced a partnership with Advanced Micro Devices. The arrangement is initially supported by 15-year contracts covering 530 megawatts across multiple United States sites beginning in 2027 and could expand to support up to 2.5 gigawatts of leasable data-center capacity. The broader collaboration carries the potential to generate more than $14 billion in contracted base revenue. Total leased customer power capacity now stands at approximately 1.1 gigawatts, representing more than $24 billion in potential contracted revenue. Other digital infrastructure operators have recently disclosed multi-billion-dollar cloud and lease agreements with artificial intelligence customers.

Cryptocurrency exchange Kraken is providing retail investors with access to the planned initial public offering of sandwich chain Jersey Mike’s. Eligible United States customers may request allocations of book-entry shares at the offering price, while users in more than 110 countries can request tokenized shares known as JMKEx that are backed one-to-one by the underlying stock held in regulated custody.

Allocations will be determined by the IPO underwriter and are not guaranteed. Once the offering closes, JMKEx will trade 24 hours a day, five days a week on Kraken and participating platforms within the xStocks Alliance. The underlying shares will trade during regular United States market hours. Tokenized shares may be transferred across alliance platforms, moved on-chain and integrated with compatible decentralized finance applications.

Jersey Mike’s operates more than 3,300 locations in the United States. The company expects to price the offering between $21 and $25 per share and to list its Class A shares on the New York Stock Exchange under the ticker JMKE.

The arrangement follows Kraken’s earlier facilitation of the SpaceX public debut in June. Several other cryptocurrency platforms also offered products linked to that listing. Demand exceeded available shares by more than four times, prompting some platforms to cancel campaigns and refund participants after securing insufficient underlying stock. Those shares have since declined from an initial price of $135 to approximately $115.

The broader market for tokenized equities has expanded from well below $500 million in mid-2025 to about $1.87 billion, including a 29.4 percent increase over the past 30 days.

Bitcoin declined to ten-day lows below $63,000 at the open of United States trading on Tuesday as losses in Asian semiconductor shares spread to Wall Street. The move reflected broader pressure on technology stocks tied to artificial intelligence infrastructure spending.

South Korea’s KOSPI index closed down 10.8 percent, driven by a 14.8 percent drop in chipmaker SK Hynix. Japan’s Kioxia Holdings fell 18.3 percent. In the United States the Nasdaq Composite Index declined just over 1 percent. Semiconductor producer Micron Technology dropped more than 10 percent at the open and reached its lowest level since late May.

Investors have intensified scrutiny of capital expenditure plans by major technology groups. Combined 2026 guidance from Alphabet, Microsoft, Amazon and Meta is tracking toward $725 billion to $730 billion and could approach $900 billion in 2027. Alphabet recorded its first quarterly cash burn of $5.9 billion in the second quarter even as its cloud division grew 82 percent. Competitive pressure from Chinese artificial intelligence developers has added to concerns that Western hyperscaler spending may face lower returns if comparable capabilities emerge at lower cost.

Bitcoin traded below $63,000 for the first time since July 17. Cryptocurrency markets recorded more than $510 million in long liquidations over 24 hours. Large accumulations of leveraged long positions below $64,700 have raised the possibility of further forced selling, while the zone between $65,800 and $66,200 remains a concentration of short positions.

Galaxy Digital and MARA Holdings have each acquired land in Texas to expand facilities for artificial intelligence, high-performance computing and Bitcoin mining amid rising demand for power-intensive digital infrastructure. The separate transactions were announced on Tuesday.

Galaxy Digital, a cryptocurrency financial services and infrastructure firm, purchased a 500-acre site in McGregor. The location will host the company’s second artificial intelligence and high-performance computing data center campus in the state. Initial power capacity is set at 74 megawatts, with further expansion planned in subsequent phases.

MARA Holdings, a Bitcoin miner and digital infrastructure operator, agreed to acquire a 1,200-acre powered site in Matagorda County. The property offers access to as much as 2 gigawatts of electricity. The company intends to develop the location for artificial intelligence and high-performance computing workloads alongside Bitcoin mining operations.

The announcements coincided with Meta Platforms’ disclosure of plans for a $14 billion artificial intelligence data center campus in El Paso. Texas has become a preferred location for such projects because of its sizable power market, relatively low electricity costs and availability of suitable land. The state’s independent ERCOT grid further supports access to large-scale capacity.

South Korea’s financial regulator is preparing a consolidated digital asset law covering stablecoins and market oversight, Core Scientific reported second-quarter revenue more than doubled on expanding artificial intelligence infrastructure demand, and liquid staking protocol Lido launched an upgrade intended to cut Ethereum’s validator count by about one-third.

The Financial Services Commission plans to introduce a government-backed Digital Asset Basic Act in coordination with the ruling party after months of delay. The measure would address stablecoin issuance and circulation, digital asset business requirements, exchange entry standards, disclosures, internal controls and system resilience. Ten separate digital asset and stablecoin bills already sit before parliament. Outstanding disagreements include whether won-denominated stablecoin issuers must be majority bank-owned and whether ownership limits should apply to large exchanges. Timing for the consolidated proposal remains undecided.

Core Scientific recorded second-quarter revenue of $164.2 million, up from $78.6 million a year earlier. Colocation revenue rose to $136.7 million from $10.6 million, becoming the company’s largest business segment, while gross profit increased to $70 million from $5 million. A non-cash accounting charge linked to the rising value of outstanding warrants produced a net loss of $1.15 billion. The firm also announced a partnership with chipmaker AMD to support artificial intelligence infrastructure. Initial 15-year contracts cover 530 megawatts across multiple United States sites beginning in 2027 and could expand to 2.5 gigawatts of leasable capacity, with potential contracted base revenue exceeding $14 billion.

Lido introduced Curated Module v2 to its staking infrastructure. The update adds support for Ethereum’s 0x02 withdrawal credentials and allows validators to raise their effective balance from 32 ETH to as much as 2,048 ETH. The change is projected to reduce the network’s validator count to approximately 628,000 from 880,000. Migration has not yet begun. The adjustment aims to lower the number of validators and consensus-layer messages required to secure the network without affecting execution-layer activity that determines transaction fees.

Blockchain security firm AmericanFortress has proposed a cryptographic method designed to protect existing Bitcoin, Ethereum and Solana wallets against future quantum-computer attacks without requiring users to transfer funds, rotate keys or change addresses. The scheme seeks to add post-quantum security while leaving current wallet addresses intact.

The approach relies on zero-knowledge proofs generated from a wallet’s original seed phrase rather than replacing the underlying elliptic-curve cryptography. Participating network nodes would verify the proofs, allowing users to continue signing transactions with their existing keys. The method is described as compatible with seed-based hierarchical deterministic wallets employed across Bitcoin, Ethereum, Solana and other networks that depend on elliptic-curve cryptography. Details appear in a technical paper posted to the Cryptography ePrint Archive that has not yet undergone peer review.

An estimated $470 billion in Bitcoin holdings could become vulnerable if sufficiently powerful quantum computers emerge. Other firms are pursuing alternative post-quantum solutions. One hardware wallet for Ethereum and compatible networks generates post-quantum signatures on dedicated devices using SPHINCS+C10 algorithms and smart-account standards. Industry participants have also advanced broader research, including a $15 million commitment to Bitcoin quantum-security studies, proposals for migrating Ethereum accounts to quantum-resistant cryptography and plans by one network to introduce quantum-resistant accounts by 2027.

Morgan Stanley Investment Management has introduced exchange-traded products tracking Ether and Solana, extending its cryptocurrency fund range beyond Bitcoin. The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust began trading on NYSE Arca under the tickers MSSE and MSOL.

Both products aim to replicate the performance of Ether and Solana by reference to the CoinDesk Ether Benchmark and CoinDesk Solana Benchmark 4PM New York settlement rates. Each carries an expense ratio of 0.14 percent. The funds plan to stake a portion of their holdings and distribute any resulting rewards fully to investors, with the firm retaining none of the proceeds.

The launch follows the firm’s introduction of spot cryptocurrency trading on its E*TRADE platform earlier this month. Eligible clients can buy, sell and hold Bitcoin, Ether and Solana through that service. In April Morgan Stanley established the Morgan Stanley Bitcoin Trust, becoming the first major US commercial bank to offer a spot Bitcoin exchange-traded fund. That product held more than $381 million in assets under management as of mid-July.

Visa reported fiscal third-quarter revenue of $11.6 billion, a 14 percent increase from a year earlier, driven by double-digit rises in payments volume, cross-border activity and processed transactions. During its earnings discussion the company outlined investments spanning multiple layers of the stablecoin ecosystem.

Visa is deploying capital across blockchain technology, issuance, wallets, infrastructure, orchestration and applications. Progress this quarter concentrated on the issuance and application layers. The company has joined the OpenStandard consortium, which intends to issue the OpenUSD stablecoin for global money movement.

Its stablecoin platform is intended to allow partners to settle transactions with Visa in stablecoins, supply on-chain wallet-as-a-service infrastructure and transfer value between fiat currencies and stablecoins, beginning with OpenUSD. The platform will integrate with Pismo to enable tokenized deposits for financial institutions, with additional third-party tokenized deposit providers expected later.

Visa identified artificial intelligence as a complementary long-term growth area. It views stablecoins as reshaping the backend of commerce while AI transforms the frontend, with agentic commerce expected to enlarge the addressable market.

Cross-border volume rose 13 percent year-on-year, or 12 percent excluding intra-European flows. Processed transactions increased 10 percent.

Myanmar’s combined parliament on Tuesday approved an anti-online scam bill that imposes prison sentences of 10 years to life for cryptocurrency fraud and the operation of online scam centres. The measure forms part of efforts to confront a expanding cyberscam sector that has established hubs for digital fraud in parts of the country.

The Pyidaungsu Hluttaw passed the legislation in full after reconciling differences between earlier versions adopted by its two chambers. It remains unclear whether presidential assent has been granted or when the law will enter into force.

A draft released in May prohibited cryptocurrency scams and set penalties of 10 years to life imprisonment. The same draft authorised sentences of 10 years to life, or capital punishment, for violence, torture, unlawful arrest or detention used to compel individuals into online scams, with the death penalty mandated when such conduct results in death. The final version retains the capital-punishment provision and contains no substantial alterations to the draft’s core elements. The complete amended text has not yet been released.

Ten European financial institutions have launched Regulated Layer One, a jointly owned blockchain cooperative intended for regulated markets and tokenized assets. The network began operations on Tuesday after being established as a European Cooperative Society in Luxembourg.

Founding members include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures and Seturion. Each participant holds equal decision-making authority over governance and development of the network.

The private permissioned system relies on infrastructure previously developed by German fintech Secure Worldwide Interbank Asset Transfer. Ownership of that platform has been transferred to the cooperative. The underlying technology processed more than 50 transactions with a combined value exceeding 700 million euros during three years of production use.

The network targets institutional applications such as digital money, tokenized bonds, collateral management and blockchain-based settlement. A shared system is intended to limit the fragmentation that arises when institutions maintain separate distributed ledger platforms.

Henning Vollbehr, formerly managing director of the original platform provider, will head the cooperative. KfW and L-Bank will maintain their support, and discussions continue with further institutions, including NatWest, regarding potential membership.